Approved advisor groups
The following three organisations have received approved advisor group status to date.
- The New Zealand Institute of Chartered Accountants
- Accountants + Tax Agents Institute of New Zealand
- CPA Australia.
What is an approved advisor group?
An "approved advisor group" is defined in section 20B(5) as a group that includes natural persons who meet all of the following requirements. They:
- have a significant function of giving advice on the operation and effect of tax laws
- are subject to a professional code of conduct in giving that advice, and
- are subject to a disciplinary process that enforces compliance with the code of conduct.
The group must be approved by the Commissioner before a tax advisor who is subject to an approved advisor group's code of conduct and disciplinary procedures can claim the right of non-disclosure on behalf of a taxpayer. The Commissioner will exercise his power of approval at a high level of delegated authority having regard to the statutory requirements and such other relevant considerations as may be applicable.
Non-disclosure right for tax advice documents
Refer to Standard Practice Statement 05/07 for further information on non-disclosure right for tax advice documents.
Date published: 15 Jan 2013
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